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Technology Stocks : RETIX (RETX) Perhaps Another Acquisition Target For CSCO?
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To: detroit denny who wrote (845)10/6/1997 9:14:00 PM
From: Adam Smith   of 1119
 
Here's the latest: Conference call tomorrow morning before
the market opens. Hold on to your hats. Stock should be down
big tomorrow morning. Anyone have access to instinet after
market bids??

MARINA DEL REY, Calif., Oct 6 (Reuter) - Retix Inc said
Monday it expects to report a loss per share of between $0.14
and $0.16 for its third quarter.
The company said in a statement it expects revenues for the
quarter will be about $4.7 million.
The company posted a loss of $0.03 a share on revenues of
$8.2 million in the comparable year-ago period. Analysts'
estimates for the latest quarter were unavailable.
The company attributed the weak results to losses at its
Sonoma Systems unit driven by lower revenues. The company also
said its gross margins were hurt by the company's shift in
product mix towards an emphasis on its new ATM broadband accessdirection.
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